Double close
Two closings back to back, usually the same day: you buy from the seller (A to B), then sell to your end buyer (B to C). Your profit stays private because each side sees only its own settlement statement.
- Pennsylvania has wholesaling rules for assignments; a double close is a common way to keep your fee private.
- Plenty of cash buyers to line up the B-to-C side.
How it works
You pay for the A-to-B purchase with your own cash or transactional funding, the deed records to you, then you sell B-to-C. Accepted by most title companies and underwriters.
The end buyer's (C's) money pays for your A-to-B purchase in the same session. Many title companies, underwriters and lenders don't allow it, so ask first and get it in writing.
How to get transactional funding
- Transactional funding is a 1–2 day loan that pays for your A-to-B purchase and is repaid from the B-to-C sale.
- Lenders usually want: both signed contracts, the end buyer's proof of funds or loan approval, and a title company they approve.
- Typical cost is a percentage of the loan (often in the 1%–3% range) plus a flat fee, paid from your proceeds. Compare quotes.
- Line up the lender before you sign the end buyer: send the lender's requirements to your title company and confirm both closings can fund the same day.
Step by step
- Sign the seller contract (A-B) and the end buyer contract (B-C) for the same property.
- Pick a closer that does double closes (wet or dry) and tell them up front which one.
- For a wet close, arrange transactional funding (or your own cash) for A-B.
- Close A-B, record the deed, then close B-C right after; the B-C proceeds repay the funding and pay you.
What you need
- A closer that does double closes
- Transactional funding or your own cash (wet)
- An end buyer whose funds are ready the same day
Costs
Two sets of closing costs (and in some states two transfer taxes) plus the funding fee: budget it into your spread.
Watch out for
- Retail buyers with FHA loans may face "seasoning" rules on a property you owned for only a day.
- Some states treat repeated double closes as licensed activity; check the state rules.
- If B-C falls through after A-B closes, you own the house: only close A-B when C is ready.